Friday, March 21, 2025

Pepper Market March 21, 2025

 

Pepper Market March 21, 2025: Prices continue to stand firm

Pepper prices today (March 21) are trading at 160,000 - 161,000 VND/kg, unchanged from yesterday. In the world market, pepper prices in Brazil and Indonesia also increased simultaneously.

In the world market

At the end of the most recent trading session, the International Pepper Community (IPC) listed the price of Indonesian Lampung black pepper at 7,276 USD/ton, up 0.29% (21 USD/ton) compared to the previous trading session.

Brazil's ASTA 570 black pepper price also increased by 1.43% (100 USD/bag), to 7,000 USD/ton.

Meanwhile, Vietnam's  pepper export  price  remained stable at 7,100 USD/ton for 500 g/l and 7,300 USD/ton for 550 g/l.

Kuching Malaysia black pepper prices also remained unchanged at $9,800/ton, the highest in the market.

Type name

World black pepper price list

March 21 (Unit: USD/ton)

% change from previous day

Lampung Black Pepper (Indonesia)

7,276

+0.29

Brazilian Black Pepper ASTA 570

7,000

+1.43

Kuching Black Pepper (Malaysia) ASTA

9,800

Vietnamese black pepper (500 g/l)

7,100

Vietnamese black pepper (500 g/l)

7,300

At the same time of survey, the price of Indonesian Muntok white pepper increased by 0.28% compared to the previous trading session, to 10,219 USD/ton.

Vietnam white pepper today continues to be quoted at 10,100 USD/ton; while Malaysian ASTA white pepper price stands higher at 12,300 USD/ton.

Type name

World white pepper price list

March 21 (Unit: USD/ton)

% change from previous day

Muntok Indonesian White Pepper

10,219

+0.28

ASTA Malaysian White Pepper

12,300

Vietnam white pepper

10,100

Update pepper information

In Dak Lak, organic pepper production is being applied by people in Cu Kuin district. The use of biological products and microbial fertilizers in the cultivation process not only helps farmers save costs but also maintains productivity, contributing to environmental protection, according to Dak Lak Newspaper.

After the ups and downs due to erratic price fluctuations, Mr. Vu Dinh Khoi's family (village 6, Ea Bhok commune) still perseveres thanks to sustainable organic pepper farming.

Mr. Khoi shared that when pepper prices continuously reached “peaks”, his family and many other households massively expanded the area for new planting, abusing chemical fertilizers, pesticides, stimulants, etc. to increase productivity. However, this abuse created a favorable environment for diseases and harmful fungi to attack crops, especially quick and slow death diseases, causing heavy economic losses.

To overcome this situation, Mr. Khoi researched, learned and decided to switch to organic farming. With the process of "washing" the garden at the beginning of the season, preventing plant diseases, and using probiotics throughout the production process, his family's 1.2-hectare pepper garden not only achieved higher productivity but also limited pests and diseases. In addition to using probiotics, his family also focused on fertilizing with composted manure and cow manure, helping to reduce pests and create conditions for pepper plants to grow more sustainably.

Similarly, biofertilizers are gradually becoming the top choice, replacing pesticides in the pepper garden of Mr. Vu Kim Thinh’s family (Kim Chau village, Dray Bhăng commune). In particular, this farming method not only protects the health of farmers but also ensures that the products reaching consumers are always safe.

Taking care of pepper with microbial fertilizers and biological products helps Mr. Nguyen Van Luong's family garden (village 23, Ea Ning commune) always have stable productivity.

Mr. Ngo Minh Dung, Chairman of the Ea Ning Commune Farmers' Association, said that since the implementation of the landscape pepper model program, people in the commune have noticed a clear difference in the cultivation process. Households participating in the model not only increased pepper productivity and quality, but also reduced pests and diseases and protected the environment. Thanks to that, people have reduced production costs, especially limiting the abuse of chemical fertilizers and pesticides. The obvious benefits from the model have encouraged many households to participate. To date, the whole commune has had 328 households participating in the landscape pepper model, with a total area of ​​nearly 361 hectares.

According to VietnamBiz.vn

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